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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (341112)6/22/2007 5:17:36 PM
From: TimF  Read Replies (1) of 1574006
 
If I had the use of a $20k Chevy, and it was replaced with a $50k BMW but I had to pay and extra $10K it might be reasonable to say I was better off. Of course if I don't prefer the BMW to the Chevy, or the preference is not great then I wouldn't be better off, but most people would prefer modern health care to what was available 20 years ago.

But even if we assume that the BMW, or modern health care, is no better then the Chevy or the health care of 20 years ago, that still doesn't make your point that people are worse off.

If health care had not improved (and it clearly has), then the extra cost could be called "health care inflation" (paying more for the same thing.

You want to adjust health care benefit by a "health care inflation" which is higher then the general rate of inflation? Fine.

But then to avoid biasing the adjustment for inflation, wages should be indexed by an inflation rate which does not include health care, which would be lower than the general rate of inflation.

Then instead of small increases in real wages, and a larger increase in benefits, you get stagnant benefits, but a larger increase in wages. Either way real compensation increases.

And of course since health care has actually gotten better your argument is even further from accurately reflecting reality.
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